Capital Bank is a national lender with expertise in veteran mortgage – so you feel like you are speaking to your local expert.
As a Veteran, you are entitled to some great benefits, including a VA loan. This type of loan helps if you are cash-strapped when you buy, plus offers many other advantages. Even if you have had credit problems, these loans may still be an option for you.
At FortressVALoans.com, we are committed to helping you qualify for one of these loans and are willing to help you even if you come to us with less than perfect credit. We know that when “life happens,” it may impact your credit rating, but don’t let that deter you from claiming your benefits. Contact us and let us assess your circumstances to determine your VA loan eligibility today!
Four groups of people typically meet VA loan eligibility requirements:
These basic VA loan eligibility requirements will put you in a great position to qualify if you are buying a home that you will live in as your primary residence. It’s important to note that second homes, vacation homes, or investment properties don’t qualify.
Although VA loans are backed by the federal government, it is local banks, mortgage companies, credit unions and other private lenders, such as our lender network, led by Capital Bank of Maryland, who grant and process the loans. That means that you have to show you are creditworthy in order to obtain the loan – just like you would for a conventional loan. Even lending institutions who want to assist Veterans have an important fiduciary obligation to make sure that the loan will be repaid.
Some loan criteria are a bit more flexible for Veterans, so it is crucial to work with an experienced lender who will work with the VA and help you obtain a mortgage if you are determined capable of repaying the loan – even if your credit history is less than perfect.
All of these financial benefits make VA loans a great deal for those who qualify. Lenders such as FortressVALoans.com are approved by the federal government to work with those who meet VA loan eligibility requirements. By filling out our online form, you can discover if you are approved in just a few minutes.
What happens if you don’t meet the credit requirements? If you had a recent bankruptcy or other credit issues that have lowered your credit rating, you may need to rebuild your credit a bit before you apply. Our representatives at FortressVALoans.com can help you develop a plan to improve your credit through prompt payments so that you become a stronger candidate. We want to be a helpful partner who helps you claim your well-earned benefits.
At FortressVALoans.com, we encourage you to determine your VA Loan Eligibility by applying online or by calling one of our representatives at (889) 383-5002. We can discuss your general concerns, advise you of the loan limit in your area, and offer guidance about your credit situation. Contact us today.